Exhibit 99.1
Proposed issue of securities |
Update Summary | |
Entity name
ALTERITY THERAPEUTICS LIMITED
Announcement Type
Update to previous announcement
Date of this announcement
5/1/2024
Reason for update to a previous announcement
Proposed issue of securities approved by shareholders at EGM held 29 December 2023. |
Refer to next page for full details of the announcement
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Proposed issue of securities |
Part 1 - Entity and announcement details | |
1.1 | Name of +Entity |
ALTERITY THERAPEUTICS LIMITED
We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.
If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).
1.2 | Registered Number Type | Registration Number |
ABN | 37080699065 |
1.3 | ASX issuer code |
ATH
1.4 | The announcement is |
Update/amendment to previous announcement
1.4a Reason for update to a previous announcement
Proposed issue of securities approved by shareholders at EGM held 29 December 2023. |
1.4 b Date of previous announcement to this update
22/11/2023
1.5 | Date of this announcement |
5/1/2024
1.6 | The Proposed issue is: |
A placement or other type of issue
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Proposed issue of securities |
Part 7 - Details of proposed placement or other issue | |
Part 7A - Conditions | |
7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis?
Yes
7A.1a Conditions
Approval/Condition | Date for determination | Is the date estimated or actual? | ** Approval received/condition met? |
+Security holder approval | 29/12/2023 | Actual | yes |
Comments
Part 7B - Issue details | |
Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? | Will the proposed issue of this +security include an offer of attaching +securities? | |
Existing class | yes |
Details of +securities proposed to be issued
ASX +security code and description
ATH : ORDINARY FULLY PAID
Number of +securities proposed to be issued
1,008,965,809
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
Yes
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Proposed issue of securities |
In what currency is the cash consideration being paid? | What is the issue price per +security? | |
AUD - Australian Dollar | AUD 0.00350 |
Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?
Yes
Attaching +Security
Is the proposed attaching security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional +securities in a class that is already quoted or recorded by ASX)?
New class
Attaching +Security - New class (+securities in a class that is not yet quoted or recorded by ASX)
Details of attaching +securities proposed to be issued
ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? | Will the entity be seeking quotation of the 'new' class of +securities on ASX? | |
No | No |
ASX +security code | +Security description |
New class-code to be confirmed | Short-dated option |
+Security type
Options
Number of +securities proposed to be issued
1,371,428,571
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
No
Please describe the consideration being provided for the +securities
One (1) free attaching short-dated option issued for each Placement share issued per Placement announcement 22 Nov 2023 |
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
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Proposed issue of securities |
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Options details
+Security currency
AUD - Australian Dollar
Exercise price | Expiry date | |
AUD 0.0070 | 31/8/2024 |
Details of the type of +security that will be issued if the option is exercised
ATH : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
One ATH fully paid ordinary share |
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.
https://alteritytherapeutics.com/investor-overview/asx-announcements/ |
Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? | Will the proposed issue of this +security include an offer of attaching +securities? | |
New class | No |
Details of +securities proposed to be issued
ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? | Will the entity be seeking quotation of the 'new' class of +securities on ASX? | |
No | Yes |
ASX +security code | +Security description | |
New class-code to be confirmed | Long-dated options |
+Security type
Options
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Proposed issue of securities |
Number of +securities proposed to be issued
457,142,857
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
No
Please describe the consideration being provided for the +securities
One (1) free attaching long-dated option issued for each three (3) Placement shares issued per Placement announcement 22Nov 2023 |
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Options details
+Security currency | Exercise price | Expiry date |
AUD - Australian Dollar | AUD 0.0100 | 31/8/2026 |
Details of the type of +security that will be issued if the option is exercised
ATH : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
One ATH fully paid ordinary share |
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.
https://alteritytherapeutics.com/investor-overview/asx-announcements/ |
Part 7C - Timetable | |
7C.1 Proposed +issue date
8/1/2024
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Proposed issue of securities |
Part 7D - Listing Rule requirements | |
7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1?
Yes
7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1
29/12/2023
7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?
Yes
7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules?
No
7D.4 Will any of the +securities to be issued be subject to +voluntary escrow?
No
Part 7E - Fees and expenses | |
7E.1 Will there be a lead manager or broker to the proposed issue?
Yes
7E.1a Who is the lead manager/broker?
MST Financial Services Pty Ltd |
7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?
6% of amount raised under Placement |
7E.2 Is the proposed issue to be underwritten?
No
7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue
Part 7F - Further Information | |
7F.01 The purpose(s) for which the entity is issuing the securities
The use of proceeds from this financing will provide ongoing funding of Alterity's Phase 2 clinical trials in MSA, planning for a Phase 3 clinical trial, continuing discovery and research efforts and general working capital. |
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Proposed issue of securities |
7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds?
No
7F.2 Any other information the entity wishes to provide about the proposed issue
7F.3 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of:
The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f)
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